Novamin targets $8m. for Ontario/Quebec bets
Following the completion this month of a $12.4-million share offering by Novamin Inc., the mineral explorer will be essentially debt free and busy with an $8-million exploration program. A large part …
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Deep results at Consolidated Professor
Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes. The holes, the company…
Augmitto anticipates 3m. tons at 0.16-oz gold
A $3-million private placement of shares and warrants with institutional investors in Europe will fund the final push at Augmitto Explorations’ gold property located five miles south of here. Arranged…
Tandem drilling two lively bets
A drill program with two machines is under way at Tandem Resources’ Moss Lake project, about 70 miles west of Thunder Bay, Ont., says President Stanley G. Hawkins. The drill program is from the ice of…
Major league Gold – share to double for Lacana Mining
Lacana Mining looks to be moving rapidly into the major leagues amongst gold producers in Canada. For starters, the company has concluded a $150 million deal with Royex Gold Mining Corp., which will g…
Metal Prices Futures Prices N.Y. Mercantile Exchange (March 16, 1987)
High Low Close Change PLATINUM (in US$ per oz.) March — — 530.10 — April 535.00 526.50 532.30 + 2.10 July 539.50 532.00 537.50 …
Vancouver Stock Exchange Investors turn to speculative stocks
It’s been another record-breaking week on Vancouver. Trading volume has reached levels last seen when gold was twice the price it is today, suggesting perhaps the market is anticipating an uptick. In …
Write Wilson – help save flow through
What would happen to you, your family and your business should Finance Minister Michael Wilson decide to cancel flow- through financing? As Minister of State (Forestry & Mines) Gerald Merrithew told T…
Holmer drilling at Tashota bet
Drilling is under way on Alberta- listed Homer Gold Mines’ 100%- owned Tashota property north of Geraldton, Ont., reports President K. Sethu Raman. The first drill hole tested anomaly No 16 with a kno…
Cane Corporation in joint venture
Cane Corp. reports it has a joint venture agreement with Cominco Ltd. to test several geophysical conductors in the Grassberry River area of Saskatchewan. Cane says it can earn a 40% beneficial intere…
ENVIRONMENTAL AWARD for Mine Doyon
La Mine Doyon in northwestern Quebec recently won an award for environmental protection at the eighth annual Mercuriades competition in Montreal. Organized by the Quebec Chamber of Commerce, the Mercu…
Funds committed
Perrex Resources says it expects to spend most of its exploration funds — $2 million this year and $1 million in 1988 — in the Harker Holloway gold camp area in northeastern Ontario, on its property…